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North America is one of the largest biocompatible 3D printing materials market due to the growing acceptance of the 3D printing technology and the growing adoption in the health care sector. Rapid technological advancements taking place in the industry is also aiding the market growth in the region. In the coming years, the Asia Pacific region is expected to emerge as a significant market for biocompatible 3D printing materials. The regional market is projected to witness a robust growth in the coming years due to the increasing focus of major players on emerging Asian countries, the rising awareness about healthcare, the rising geriatric population, and the willingness of people to spend more on advanced medical treatments.
The overall global biocompatible 3D printing materials market is being driven by the innovations and collaborations among the key players in the industry. In January 2021, 3D Systems (NYSE: DDD), a leading player in the industry, entered into a joint agreement with CollPlant Biotechnologies to manufacture tissue and scaffold bioprinting processes for third party collaborators. The joint venture comes in response to the rising need for tissues and scaffolds for regenerative medicine applications. The collaboration will make use of 3D Systems’ printers, CollPlant’s BioInks, and new formulations of rhCollagen-based BioInks, which will be jointly developed by the two companies, to produce their own materials and for deployment with third-party vendors. Such developments are expected to influence the market positively.
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The major players in the global biocompatible 3D printing materials market are 3D Systems Inc., Evonik Industries AG, Stratasys Ltd., Concept Laser GmbH, Renishaw, Aspect Biosystems Ltd., and Detax Ettlingen, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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